Items Tagged with 'homeownership rate'

ARTICLES

  • U.S. Homeowner Vacancy Rate: It’s back to the 90s

    Rate of 1.4% is the lowest since 1994
    Remember when O.J. Simpson fled police in his white Ford Bronco? Or, when figure skater Nancy Kerrigan was clubbed in the knee in the “whack heard round the world?” If you go by home vacancy data released today by the Census Bureau, we’re all the way back to 1994 when those events happened. The rate of vacant homes dropped to 1.4%, the lowest level in almost a quarter of a century.
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  • Homeownership rate rises to four-year high as Millennials are finally buying homes

    More renters appear to be buying
    What so many in the housing industry have waited years for appears to be finally happening: Millennials are buying homes. Back in September, after existing home sales fell to a three-year low, it appeared that many younger would-be buyers were turning to renting instead of buying. But things look much different just a few months later.
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  • Buying a home earlier in life can seriously boost your financial picture in retirement

    Urban Institute highlights financial impact of delayed homeownership
    Burdened by student debt and less inclined to marry young, Millennials are putting off homeownership, waiting longer to buy a home than generations past. But a recent study by the Urban Institute reveals the financial impact of delaying homeownership, revealing that those who purchased in their younger years carry more wealth into retirement and suggesting that young adults "take into account the long-term consequences of renting when homeownership is an option."
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  • Millennials drive homeownership rate increase in Q3

    First-time homebuyers transition from renting
    The homeownership rate increased slightly in the third quarter, both month-over-month and annually. This increase was driven primarily by first-time homebuyers as more Millennials opted out of renting, and entered into the homeownership market.
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  • Here are 5 reasons the Millennial homeownership rate is low

    Urban Institute breaks down the data
    For years, several factors have been tossed around such as high home prices, fear over the last housing crisis, delays in family formation and even student loans as reasons why the younger generation is holding out. But now, the Urban Institute released a study that shows the actual data behind these factors, revealing what is really holding Millennials back from homeownership.
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  • Younger generation can’t afford to buy a home

    Paychecks aren’t keeping up with home prices, and first-time homebuyers are stuck
    We’ve come a long way since the 1950s – 20-somethings just aren’t getting hitched, moving to the burbs and popping out three kids like they used to. And good thing, because they couldn’t afford it. New research from Freddie Mac reveals homeownership rates among young adults has dropped and isn’t likely to pick up any time soon.
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  • Is the rent finally too damn high? Rent households fall again, homeownership holds steady

    Median asking rent continues climbing
    Is a combination of high rents and shifting demographics driving a move from renting to buying? The latest data from the Census Bureau shows that may be exactly what’s happening. On Thursday, the Census released its quarterly report on residential vacancies and homeownership. And the report had some good news and bad news, depending on which industry you’re in.
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  • Here are Q1 2018's homeownership drivers

    Hispanics, Millennials, vacancies
    The homeownership rate was not statistically different from last year in the first quarter of 2018. That said, the homeownership rate did increase slightly, in some demographics more than others, and these were some of the driving factors.
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